Diagnostic: 48980 - "Form 1116/1116AMT 'Date paid or accrued' field is currently required for electronic filing. This can be entered on the Foreign Tax Credit..." with a 1041 return using worksheet view in CCH® ProSystem fx® Tax and CCH Axcess™ Tax.
- Article Type:
- Problem Resolution
- Last Modified:
- 11/05/2022
Symptoms
Full Diagnostic Text
Electronic Filing. Form 1116/1116AMT 'Date paid or accrued' field is currently required for electronic filing. This can be entered on the Foreign Tax Credit worksheet, General section; Interest or Dividend worksheet, Foreign Information section; or Consolidated 1099 worksheet, Interest or Dividend Income section. If paid by a passthrough, please enter on the Foreign Tax Credit worksheet, General, Foreign Information section.
Foreign country codes are also required and can be entered on the 1116 - Foreign Tax Credit worksheet, General section, Foreign country code - Required field as well as the Part II - Foreign Taxes Paid or Accrued section, Code - Required field.
Foreign country codes are also required and can be entered on the 1116 - Foreign Tax Credit worksheet, General section, Foreign country code - Required field as well as the Part II - Foreign Taxes Paid or Accrued section, Code - Required field.
Environment
- CCH® ProSystem fx® Tax
- CCH Axcess™ Tax
- Fiduciary - 1041
- Worksheet View - WSV
- Form 1116
- Electronic Filing
Cause
N/A
Resolution
In general, input the date paid in all possible places and delete unneeded inputs. Go to Foreign > 1116 - Foreign Tax Credit worksheet, and for both general and passive sheets, any country code appearing on Grid 4, row Foreign Country Code - Required, also input those country codes in Grid 11, column Code - Required, and a date in column Date Paid for that country code.
Steps to complete when the foreign information is entered in credits worksheet:
Steps to complete when the foreign information is entered in foreign worksheet:
Steps to complete when the foreign information is entered in the interest worksheet:
Steps to complete when the foreign information is entered in the dividend worksheet:
Steps to complete when the foreign information is entered in the consolidated 1099 worksheet:
Steps to complete when the foreign information is entered in credits worksheet:
- Go to Credits > 1116 - Foreign Tax Credit.
- Select Section 1 - General.
- In line 4 (grid) - Foreign country code - Required, verify the country code is entered.
- In line 11 (grid) - Part II - Foreign Taxes Paid or Accrued, verify Code - Required and Date Paid have been entered.
- Select Section 1 - General.
- Calculate the return.
- You may need to repeat step 1 on additional columns/rows if the diagnostic doesn't clear.
Steps to complete when the foreign information is entered in foreign worksheet:
- Go to Foreign > 1116 - Foreign Tax Credit.
- Select Section 1 - General.
- In line 4 (grid) - Foreign country code - Required, verify the country code is entered.
- In line 11 (grid) - Part II - Foreign Taxes Paid or Accrued, verify Code - Required and Date Paid have been entered.
- Select Section 1 - General.
- Calculate the return.
Steps to complete when the foreign information is entered in the interest worksheet:
- Go to Income > Interest [1099-INT].
- In the summary grid - Interest Summary (IRS 1099-INT) select detail.
- Select Section 6 - Foreign Information.
- In line 2 - Country, verify the country code is entered.
- In line 5 - Date paid or accrued, verify the date paid has been entered.
- Select Section 6 - Foreign Information.
- In the summary grid - Interest Summary (IRS 1099-INT) select detail.
- Calculate the return.
Steps to complete when the foreign information is entered in the dividend worksheet:
- Go to Income > Dividends [1099-DIV].
- In the summary grid - Dividend Summary (IRS 1099-DIV) select detail.
- Select Section 5 - Foreign Information.
- In line 2 - Country, verify the country code is entered.
- In line 7 - Date paid or accrued, verify the date paid has been entered.
- Verify the Foreign Income Code is entered, if necessary..
- Select Section 5 - Foreign Information.
- In the summary grid - Dividend Summary (IRS 1099-DIV) select detail.
- Calculate the return.
Steps to complete when the foreign information is entered in the consolidated 1099 worksheet:
- Go to Income > Consolidated 1099.
- Select Section 2 - Dividend Income.
- In line 30 - Foreign country code, verify the country code is entered.
- In line 35 - Date paid or accrued, verify the date paid has been entered.
- Select Section 2 - Dividend Income.
- Go to Income > Consolidated 1099.
- Select Section 3 - Interest Income.
- In line 31 - Foreign country code, verify the country code is entered.
- In line 34 - Date paid or accrued, verify the date paid has been entered.
- Select Section 3 - Interest Income.
- Calculate the return.
Additional Information
N/A
| Solution Id | 000230228/000122245 |
|---|---|
| Direct Link |
